Powers v. Knapp
New York Supreme Court
Appeal from circuit court, Jefferson county. Action by Isaac P. Powers against Hiram Knapp to enforce the statutory liability of defendant as a stockholder of the Winslow & Knapp Lumber Company. From a judgment dismissing the complaint on the merits, entered on a verdict for defendant, and from an order denying a motion for a new trial, plaintiff appeals. Affirmed.
1Opinion of the CourtMartin, J.
This action was brought against the defendant, as a stockholder of the Winslow & Knapp Lumber Company, to recover a debt held by the plaintiff against that corporation. The Winslow & Knapp Lumber Company was incorporated under the provisions of chapter 40 of the Laws of 1848 and the subsequent acts amendatory thereof and additional thereto; The action was founded upon the provisions of section 10 of that act, which reads:
“All the stockholders of every company incorporated under this act, shall be severally individually liable to the creditors of the company in which they are stockholders, to…
2Cases cited8 opinions
- Douglass v. . IrelandNew York Court of Appeals · 1878
- Boynton v. . AndrewsNew York Court of Appeals · 1875
- Lake Superior Iron Co. v. . DrexelNew York Court of Appeals · 1882
- Schenck v. . AndrewsNew York Court of Appeals · 1874
- Brown v. . SmithNew York Court of Appeals · 1880
3 more not listed; retrieve them via the Exa API.